Early Access — Dinar Recaps (2024)

The Dollar's Sudden Fall Against The Iraqi Dinar: What Are The Markets Hiding?

Last updated: August 18, 2024 Independent/-The exchange rates of the US dollar witnessed a noticeable decline against the Iraqi dinar in the markets of the capital, Baghdad and Erbil, on Sunday morning, which raised questions about the reasons for this decline and its possible repercussions on the local economy.

With the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, dollar prices recorded a noticeable decline, as the exchange rate reached 149,500 dinars for every 100 dollars, compared to the price of 149,800 dinars for every 100 dollars the previous day.

This decline reflects a noticeable shift in the exchange market that may have long-term effects on the Iraqi economy.

In the local markets in Baghdad, exchange rates in banking shops also witnessed a decline, with the selling price reaching 150,500 dinars and the purchasing price 148,500 dinars for every 100 dollars.

This slight decrease may be an indication of market volatility or changes in supply and demand for the dollar.

In Erbil, the capital of the Kurdistan Region, money exchange shops recorded a slight decrease in the price of the dollar, as the selling price reached 149,500 dinars and the purchase price reached 149,400 dinars for every 100 dollars.

This decrease, although slight, reflects a similar movement in the region's markets and may have impacts on trade and local economic activity.

Possible Reasons For Decline:

Government or central intervention:Thisdecline could be the result of intervention measures by the Central Bank of Iraq or the government to contain market fluctuationsand enhance the stability of the dinar.

Global Economic Changes:There may be an impact from global changes in oil prices or US economic policiesthat may contribute to exchange rate fluctuations.

Adjustments in supply and demand:Changes in supply and demand for the dollar in local markets can play an important role in moving prices.

Possible Repercussions:

Thedecline in dollar prices may have positive and negative repercussions on the Iraqi economy.

On the one hand, thedecline may contribute to supporting the purchasing power of the dinar and reduce inflationary pressures.

On the other hand, this change may raise concerns about market stability and potential impacts on trade and investment.

Future Prospects:

Although thecurrent decline in dollar prices may be an indication of the beginning of a change in the market, the continuation of this trend depends on several factors, including local economic policies and global conditions.

Thecoming weeks will remain crucial in determining whether this decline will continue or if it is just a temporary fluctuation in the markets.

These transformations raise questions about the strategies of the Iraqi economy and the extent of their impact on the daily lives of citizens, which makes it necessary to follow economic developments closely to know their full repercussions.https://mustaqila.com/هبوط-الدولار-المفاجئ-أمام-الدينار-الع/

Iraq Is Among The Countries That Buy The Most Gold In 2024

Economy | Today, 09:22 | Baghdad today - follow-up Recent statistics revealed, today, Saturday (August 24, 2024), that Iraq ranked ninth globallyamong the 10 countriesthat bought the mostgoldthis year, and what is meant bygoldis theconversionofforeign cash reservesintogold.

According to statistics, Iraq bought 100 tons of gold this year,

coming ninth out of the 10 countries that bought the most gold this year, compared to 1,298 tons bought by Russia, as amid escalating geopolitical tensions and economic fluctuations, interest in buying gold is increasing.

Gold reached an all-time high of $2,531.75 per ounce after surpassing $2,500 for the first time this month amid growing expectations that the Federal Reserve is close to cutting interest rates.

https://baghdadtoday.news/256384-العراق-ضمن-أكثر-الدول-شراءً-للذهب-خلال-2024.html

More Than 100 Tons.. Iraq Is The Ninth Largest Buyer Of Gold In 2024

Economy 2024-08-24 | 2,315 views Alsumaria News-Economy Iraq ranked ninth globally among the 10 countries that bought the most gold this year.

What is meant bygoldis theconversionofforeign monetary reserves into gold,notthegold of goldsmithsandcitizens.

Iraq bought 100 tons of gold this year, coming ninth out of the 10 countries that bought the most gold this year, compared to 1,298 tons bought by Russia, as amid escalating geopolitical tensions and economic fluctuations, interest in buying gold is increasing.

This comes as the price of the precious metal reached an all-time high of $2,531.75 per ounce after surpassing $2,500 for the first time this month amid growing expectations that the Federal Reserve is close to cutting interest rates.

The price of bullion usually benefits from low interest rates, and central banks hold gold reserves because of its strong collateral, liquidity and yield characteristics.

https://www.alsumaria.tv/news/economy/497884/أكثر-من-100-طن-العراق-تاسع-أكبر-مشترٍ-للذهب-في-2024

Oil Prices Rise More Than 1 Percent As Dollar Falls

Saturday 24 August 2024 00:11 | Economic Number of readings: 321 Baghdad / NINA / Oil prices rose by more than one percent on Friday, with the decline of the dollar.

Brent crude futures rose 95 cents, or 1.23 percent, to $78.17 a barrel, while US West Texas Intermediate crude futures rose $1.06, or 1.45 percent, to $74.07 a barrel. "

Brent crude futures fell about two percent since the beginning of the week, while West Texas Intermediate crude lost more than three percent." https://ninanews.com/Website/News/Details?key=1149395

Economist Talks About The Mechanism For Reviving The Iraqi Economy

Economy | 08/24/2024 Mawazine News – Baghdad Economic expert Mustafa Hantoush said today: "What the Central Bank of Iraq is doing by empowering foreign banks or foreign investors at the expense of the Iraqi banking system is a fatal blow to future opportunities to advance the Iraqi economy through the banking system."

According to his statement to Mawazine News Agency, the expert Hantoush described the experiences of foreign banks or foreign investors who own national banks as failed experiments, pointing out that they have caused financial disasters for many countries.

The economic expert explained: "Most countries in the world give a very specific percentage to foreign investors in the banking sector in order to preserve capital and profits as an economic cycle within the country https://www.mawazin.net/Details.aspx?jimare=253831

Iraq And America To Resume Negotiations On The Banking Sector Next Monday

Banks Economy News – Baghdad A delegation from the Central Bank of Iraq is traveling to the United States of America to resume negotiations on the banking sector.

An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America.

He added that the Central Bank has moved towards signing a contract with the international company Oliver Wyman to present a plan on reforming the private banking sector, within the next six months.

He pointed out that the proposed plan includes merging some banks or cancelling the licenses of some banks. 358 views 08/24/2024 - https://economy-news.net/content.php?id=46669

More than one billion dollars in sales of the Central Bank of Iraq during a week

Time: 2024/08/24 Read: 1,287 times {Economic: Al Furat News} The total sales of hard currency by the Central Bank of Iraq during the past week, which was opened in the auction last week, amounted to more than one billion dollars.

Sources reported that the Central Bank sold during the past week and for the 5 days in which the auction was opened, one billion, 135 million, 635 thousand, and 274 dollars, at a daily rate of 277 million, 127 million, and 456 dollars, lower sales than the previous week, which amounted to one billion, 384 million, 31 million, and 47 dollars .

The highest dollar sales were on Wednesday, when they reached 283 million, 616 thousand, and 416 dollars, while the lowest sales were on Tuesday, when sales reached 268 million, 304 thousand, and 25 dollars .

Foreign remittance sales during the past week amounted to 1 billion, 66 million, 985 thousand, and 274 dollars, an increase of 94% compared to cash sales, which amounted to 68 million, 650 thousand dollars .LINK

For current and reliable Iraqi news please visit:https://www.bondladyscorner.com/

Good Morning Dinar Recaps,

DBS Bank Uses Smart Contracts To Disburse Government Grants

The solution was created using systems developed during the company’s participation in another MAS-led effort on digital currencies, Project Guardian.

@ Newshounds News™

Source:

~~~~~~~~~

Source:PYMNTS

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

Newshound's Currency FactsYoutubeandRumble

Newshound'sPodcastLink

Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

Follow theRoadmap

Follow theTimeline

Seeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Iraq Is In The Grip Of Corruption: Who Bears Responsibility And Where Does The Solution Lie?

Last updated: August 22, 2024 The Independent / Investigative Report / - Today, Iraq lives in the grip of deep-rooted corruption, similar to a multi-headed ogre that does not stop growing and expanding, seizing the country’s resources and obstructing development and progress efforts.

Despite efforts to combat this scourge, corruption continues to worsen, raising urgent questions about who bears responsibility for the continuation of this situation and where real solutions can be found.

Sudanese Government Censorship: Efforts Of Questionable Effectiveness

Since Muhammad Shiaa Al-Sudani assumed the position of Prime Minister, fighting corruption has been his government's top priority.

The Sudanese came to carry the banner of change and promise to achieve what previous governments could not do, but Iraq, which suffers from deep-rooted corruption, requires more than just promises and slogans.

The new government issued many directives, including a call for an immediate response to corruption reports and the implementation of judicial decisions within 24 hours, but these efforts, despite their apparent seriousness, are still subject to doubt.

The question that arises is: Is launching these initiatives enough to bring about radical change in a country where corruption is part of the power structure?

Al-Sudani may be right in his enthusiasm to fight corruption, but can he withstand the challenges of political pressure and internal collusion?

Corruption in Iraq is not just an individual case here or there; It is a complex system that benefits influential parties capable of aborting any attempt at reform.

Although Sudanese has begun to move stagnant waters through bold decisions, his success remains dependent on his ability to confront the whales of corruption that have deep networks within state institutions.

In light of these complications, can the Sudanese government fulfill its promises, or will it join the list of governments that made big promises but failed to fulfill them?

House Oversight: Poor Performance And Limited Impact

is supposed to play The Iraqi Council of Representatives a central role in monitoring the government and holding those responsible for corruption accountable.

However, the reality reflects a clear weakness in the Council's performance, as it has often become part of the problem rather than part of the solution.

The political alliances that control the Council are often a stumbling block to activating its oversight role.

This manifests itself in delaying or disrupting parliamentary inquiries under partisan pressure or as a result of political bargaining.

This weakness in the supervisory role exacerbates the phenomenon of corruption and provides the corrupt with the opportunity to evade accountability.

The Council, which was supposed to be the guarantor of protecting the people’s rights and monitoring the performance of the executive authority, has become a tool in the hands of political alliances that prefer to preserve their own interests at the expense of the public interest.

In this context, the influence of narrow partisan interests that hinder the work of the Council cannot be ignored.

These interests prevent the activation of parliamentary oversight as required, and make it difficult to pass the necessary laws to combat corruption.

The result is that corruption files remain unresolved, without a radical solution, which weakens the people’s confidence in the House of Representatives and enhances the climate of impunity.

Judicial Oversight: Weakness In Resolving Major Cases

The judiciary in Iraq is considered the last stronghold that citizens must resort to in the face of corruption, but this fortress has also become breached.

The weakness of the judicial system in dealing with major corruption cases reflects a deeper problem of independence and political pressures affecting the administration of justice.

Many cases related to corruption remain stuck in the corridors of the judiciary, where trials are delayed and rulings are postponed due to political interference or pressure exerted by influential people.

This dynamic not only obstructs the course of justice, but also reinforces a culture of impunity.

Corrupt people in Iraq are well aware that the judiciary, which should be a strict watchdog, can be exploited by complicating legal procedures or using political connections to avoid accountability.

In this climate, corruption becomes an integral part of daily life, and citizens feel that the judicial system is powerless to protect them or preserve their rights.

Without real and comprehensive reform of the judicial system, corruption will continue to spread unchecked, and the Iraqi judiciary will continue to be seen as part of the problem rather than part of the solution.

The Role Of Media And Culture: Between Awareness And Misinformation

The media in any society is the watchdog and the voice of the oppressed,

but in Iraq, the media is often part of a network of interests that fuels corruption rather than exposes it.

The Iraqi media has the ability to expose corruption and shed light on illegal practices,

but this role is often undermined by political and economic ties that limit its independence.

The media, which is supposed to be a platform for transparency, often turns into tools of misinformation. Manipulation of information, bias in coverage, and reliance on suspicious sources of funding are all factors that make the media unable to fulfill its role in the fight against corruption.

Instead of being a means of educating the public and motivating them to hold them accountable, the media has become part of the system that protects the corrupt and closes the doors to any attempt at reform.

On the cultural side, Iraq faces great challenges in establishing the values ​​of integrity and accountability. Public culture often tolerates corruption or considers it part of “realpolitik.”

The arts, education, and independent media are all tools that should be used to promote a culture that respects the law and promotes transparency.

Without a radical change in the cultural and media system, corruption will continue and the Iraqi people will remain hostage to a system that lacks integrity.

The American Role: Suspicious Influence And Intentional Disregard?

The issue of corruption in Iraq cannot be addressed without referring to the role that the United States has played since its occupation of the country in 2003.

American policies in Iraq, especially with regard to reconstruction and the distribution of contracts, have contributed greatly to creating a fertile environment for corruption.

Many US-financed reconstruction contracts were not well thought out and were implemented without adequate oversight, resulting in billions of dollars being wasted.

This financial chaos not only contributed to rampant corruption, but also helped build networks of corrupt people who still maintain their influence inside Iraq.

Although US forces have largely withdrawn, American influence remains strong in Iraq.

There are accusations that the United States turns a blind eye to some corruption files in order to preserve its strategic interests.

These policies, whether the result of negligence or design, have contributed to the deepening of the corruption crisis in Iraq, making it difficult for any Iraqi government to achieve real progress in combating this phenomenon.

The Role Of The United Nations: International Oversight And Its Limited Impact

The United Nations, which is supposed to be a neutral international body that contributes to enhancing transparency and supporting the rule of law, was not immune from criticism in Iraq.

Some UN-run aid programs have faced accusations of corruption or mismanagement, reducing Iraqis' confidence in the UN's oversight role.

Limited transparency in UN operations, and the absence of real accountability for those working in these programmes, have raised questions about the effectiveness of international oversight in combating corruption.

If international organizations are unable to provide a role model for transparency and integrity, how can corrupt Iraqi institutions be expected to achieve this?

Popular And Religious Censorship: A Latent Force That Needs To Be Activated

The Iraqi people have a latent power that can change the equation, but this power is often muzzled or not activated as required.

Popular oversight, which is practiced through protests, demonstrations, and civil society participation, is considered one of the most important means of putting pressure on the government and institutions to combat corruption.

At the same time, religious institutions play a major role in shaping public opinion in Iraq.

However, some of these institutions may provide moral or legal cover for the corrupt, whether intentionally or unintentionally.

If the religious role is properly activated, it can be a driving force towards reform and change.

Proposed solutions: Either reform the system or form an anti-corruption coalition

Combating corruption in Iraq requires taking radical and decisive steps, so the proposed solutions can be divided into two stages:

Fix The System From Within:

Current political leaders are required to adopt real reforms, far from rhetorical slogans and empty statements.

These reforms must include enhancing transparency and accountability in all state institutions, and ensuring the independence of the judiciary to be able to resolve major corruption-related cases without political interference.

Also, activating independent and effective parliamentary and judicial oversight is considered an imperative necessity to stop the flow of corruption.

The commitment of those in charge of the political process to reform is not an option, but rather a necessity for survival.

The continuation of corruption will ultimately lead to the collapse of the entire system, and

therefore the national interest requires taking radical measures to save what can be saved.

Forming An Anti-Corruption Political Coalition:

If the current leaders fail to reform the system from within, the alternative is to form an anti-corruption political coalition.

This coalition must include independent and honest political forces capable of presenting a new generation of politicians and administrators who are committed to the principles of transparency and integrity.

The new coalition must have a clear program aimed at restoring the people’s confidence in government institutions, and work closely with civil society organizations to educate citizens and motivate them to participate effectively in monitoring the government’s performance.

Supporting the coalition internationally is also a necessary step to strengthen its position and undertake the structural reforms required to eliminate corruption.

The international community, especially countries and organizations that have an interest in Iraq's stability, must realize that supporting the anti-corruption coalition is in everyone's interest, and enhances the chances of building a stable and transparent state.

Conclusion

Ultimately, the battle against corruption in Iraq remains an existential battle that requires the combined efforts of all components of society.

Real reform will not be achieved unless there is a strong political will supported by enlightened popular awareness.

Iraq needs a real renaissance that begins with breaking the cycle of corruption, to provide a better future for future generations. https://mustaqila.com/العراق-في-قبضة-الفساد/

KTFA:

Clare: More than 100 tons.. Iraq is the ninth largest buyer of gold in 2024

8/24/2024 Economy

Iraq ranked ninth globally among the top 10 countries buying gold this year. What is meant by gold is converting foreign currency reserves into gold, not the gold of goldsmiths and citizens.

Iraq bought 100 tons of gold this year, coming in ninth out of the top 10 countries buying gold this year, compared to 1,298 tons bought by Russia, as interest in buying gold is growing amid rising geopolitical tensions and economic fluctuations.

This comes as the precious metal hit an all-time high of $2,531.75 an ounce after breaking above $2,500 for the first time this month amid growing expectations that the Federal Reserve is close to cutting interest rates.

Bullion typically benefits from low interest rates, and central banks hold gold reserves because of its strong collateral, liquidity and yield properties. LINK

************

Clare: Iraq and America to resume negotiations on the banking sector next Monday

8/24/2024 Baghdad

A delegation from the Central Bank of Iraq is traveling to the United States of America to resume negotiations on the banking sector.

An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America.

He added that the Central Bank has moved towards signing a contract with the international company Oliver Wyman to present a plan on reforming the private banking sector, within the next six months.

He pointed out that the proposed plan includes merging some banks or cancelling the licenses of some banks. LINK

************

Courtesy of Dinar Guru: https://www.dinarguru.com/

************

The cbi is doing good

Nader: 8-24-2024

https://www.youtube.com/watch?v=e-miBnjW51E

Housing Crash WILL BE EXTREME (U.S. ECONOMY in BIG TROUBLE)

Sachs Realty: 8-24-2024

Worst housing crash in history expected, We're in a more dangerous bubble and the U.S. economy is destroyed.

https://www.youtube.com/watch?v=aoKs02HSGk0

We apologize for being late with Bruce's Transcription Notes - Our team member had major surgery and was incapacitated Thursday and Friday - Thank You for understanding

Bruce’s Big Call Dinar Intel Thursday Night 8-22-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight – it is Thursday, August 22nd and you're listening to the big call. Thanks everybody out there in big call universe for tuning in yet again, as we basically are on our way to finishing out the month of August, which is amazing to me and everybody else - I know you're all shaking our heads. We've got our rally cap on. You know, that's a good thing. If I had a cap on, it would probably be turned backwards. So let's do this as ever. Let's go ahead and pray the call in

Okay, thank you, Bob. I'm going to go ahead and get right into Intel without doing a major shout out to Canada, although I would love to, let's, let's start with, we see I got a little bit tracked. I need my 10 second pause, which I'm not going to take, but I need, I think the first thing that we need to talk about what is showing up on redemption Center's screens

Yesterday, we had nine currencies show up. This morning those nine showed up, and then next thing you know, we've got 12 showing up. And then later in the afternoon, we had 15 currencies showing up. And these were rates with these were currencies with live rates. I mean, that's not called live rates with real, solid rates on the screens.

Now we know there are 19 currencies total going up in value, and one of which is the USN is one of the currencies - our United States Note , or some people call it the United States “new” meaning new dollar would be showing up as USN on the bank screens and redemption center screens and on the Forex.

Okay, so we only have 15 currencies as of this afternoon that lit up over there, and that's good. And we'll get the rest of them probably tomorrow, would be my guess, but we don't know that, of course, not tomorrow yet

But what I like is that we heard about a couple of things regarding rates. I mentioned last time that the contract rate on the dinar would be offered to you, and it is just under hundo right now, and it's on its way to that number should be there by the time we go in for changes and our redemption of zim. And really, we've seen increases in the Dong as well, and that's a good thing to see.

And so that's going to be good for all of us. You guys are going to be very happy at the redemption centers with the rates I have to tell you rate - the screen rates at the redemption centers are going to be three times higher than the bank rate on the dinar and twice as high as the screen rate in the bank on the on the Vietnamese Dong.

So you got factors there the other currencies, I can do this much, the other currencies, Bolivar and some of these other currencies are going to all be between four and seven, between 4 and 7 and that's dollars. That's really good. So we're going to be in good shape on all rates. So don't worry about that.

I did want to cover that. Let's see. Let's go into what's happening with the emails. Now, remember, I told you that emails were going out to the redemption center operatives, or I call them leaders, the redemption center, leaders, and remember, there quite a few east of Mississippi, there's a lot West to.

There's quite a few total that these emails are going out to. They have not received the email yet. They don't have the green light at the redemption center. They have not received them yet, but it's anticipated that they will receive those approximately 4:30 tomorrow afternoon after the markets close, it should be pretty close to 430 in the afternoon that those emails are received at the redemption centers.

Now, when do we receive our emails? We don't know that yet. Don't know it could be tomorrow. It could be Saturday or Sunday. It's hard to say. It really is, but we know that bondholders are expecting their email will go out Sunday night, Sunday night, so that a lot of those guys won't get access to this on Monday, or maybe even Tuesday. The bondholders. Okay.

Now, the other thing that is really interesting about us is it looks like our start for notification and exchanges could start over the weekend, with notifications. It could defer to Monday, with exchanges starting either Monday or Tuesday. That's very possible.

However, that what we have really looking forward to in receiving our emails, which will have the toll free number that we call in them, is that we're looking to receive them in conjunction with the Emergency Broadcast System.

And here's how it's expected to work. The EBS, emergency broadcast system is going to be on television now, the EAS emergency alert system, we always get those. Those are what we get on our cell phones - what they’re going to do is alert us on our cell phones to tune into a television to get the EBS announcements.

Now, when are they to start? I'm hearing EBS is to start over the weekend. I don't know if it's Saturday, I don't know what day, if it's Sunday, don't know. But get this, we've been talking about this generally, or other people have for years. Years, we've been looking for EBS announcements.

Okay, they're going to be on for eight hours, three times a day. I don't know if the eight hours is going to remain the same and repeat two more times in 24 hour period, which would be eight times three is 24 that's a day, and it's going to continue like that for 10 days.

Now, that's not darkness, that's 10 days of disclosure, and it could end up being 12 days, but I'm hearing 10 days of disclosure, okay, 24 hours a day, and I'm sure it's good. It could get a little repetitive, but we'll have to see, hopefully and we're able to get a lot out of it. I can only imagine what it might include, but what good things could include?

Could it include announcements about NESARA or GESARA and what that includes like R and R like, debt forgiveness, debt jubilee, the release of our mortgage, our mortgages, in other words, the zeroing out of our mortgages. Could it include the release and the removal of credit card debt.

Both of those are huge factors in our debt jubilee or debt release. I would think that would be part of it - what else could be included?. It could include some of the trafficking information that we know about from the tunnels, the whole adrenaphone problem and so on, it could include a lot. I think they'll throw some sweet in the sour. I think we'll have a mix that I don't know exactly what all we're going to see.

Imagine this is finally going to take place this weekend and go for at least 10 days. What's interesting about that is this is also a cover for us going in and doing our exchanges and our redemption of zim. So it could be very interesting cover for us to do that, so that attention is not on us, but is on the television to watch what is actually being broadcast, as far as PBS is concerned.

Now, what else might be really interesting is we believe this is going to occur on all, or almost all, TV stations. It would be wild this way, mainstream media, main networks and so on, could be using this, this emergency broadcast system, we are maybe going t o be told where to tune to get it.

I don't know if every single station will hold at it or not, but we'll find that out. It's going to be a surprise to me, but it may be that this is going on, and this is not the same as 10 days of darkness. If there's darkness, guess who it's for? That's right, deep state, the Cabal.

Do we lose cell service or electricity or any or radio set. No, no, we don't forget about it. Who loses that is the cabal - Anybody that they're targeting for arrests, yeah, they lose their cell service with their internet - not us – it’s not supposed to happen - we're not going to lose it. I don't care who you are reading online. It's not supposed to be that way for us. Okay,

There's been some other misinformation that's been brought out, but I can't remember what it is right now, other than that, but I think what we're looking for is right there. It's right ahead, and it's possible that we got something tomorrow, but I've been told by several sources, it would be the weekend when this occurs. Well, that, to me, is still Saturday or Sunday, and we should get this in time set appointments, start exchanges, if not over the weekend, then very early next week.

Just gonna have to ride that out and see what happens over the weekend in terms of our emails that come to us. I have heard that the admirals group will start Saturday, Sunday, Monday, which is interesting, because that's the weekend, Saturday, Sunday and Monday would continue it.

I think if we do get started Saturday for us, the redemption centers will be open Sunday, and they'd be open, obviously, Sunday, Monday, Tuesday. Do this. Let's say you're a dong holder. All you have is dong. If you want to help yourself, you'll get the best rate by setting your appointment using the 800 number and send your appointment to go to the redemption center, because what you get on the dong will be approximately twice as much per dong at the redemption center as it would be at the bank. So I know that for a fact, because we've been seeing what the rates are

Beyond that. You guys, I think that's so interesting that even the redemption centers are waiting, just like we are, they are waiting for emails 4:30 tomorrow to receive those emails that give them the green light to look forward to everything that we're looking forward to with setting appointments - so we could get something as early as tomorrow evening, but I think is going to end up being Saturday or Sunday.

It's just, you know, how this thing changes. Even the intel that I had pursue at five or six o'clock tonight changed, you know, in the last, you know, in an hour or so later, or an hour and a half later. So things like this do change

Now we hope that everything's on track for us to receive these and get these exchanges started and really get them started. And we're supposed to have everything well underway before or by the 28th which is Wednesday,

I think we are in good shape to get that before then. And I don't really believe in the term back walls, that's another term on the big call that's been banned. So just take that for what it is. I think we are supposed to get underway, and all debt forgiveness is supposed to be done by the end of August which is the 31st so we'll see if that's what happens.

That's really the bulk of the information.

Also, let's and pray the call out now. That's really everything I want to share with you guys. Let's pray. So everybody have a great night. We should have a good weekend, a great weekend this weekend. So let's see where and check your emails over the weekend.

Bruce’s Big Call Dinar Intel Tuesday Night 8-20-24 REPLAY LINK Intel Begins 1:32:32

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHh5q

Bruce’s Big Call Dinar Intel Thursday Night 8-15-24 REPLAY LINK Intel Begins 57:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhZQ

Bruce’s Big Call Dinar Intel Tuesday Night 8-13-24 REPLAY LINK Intel Begins 1:14:14

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhe8

Bruce’s Big Call Dinar Intel Thursday Night 8-7-24 REPLAY LINK Intel Begins 1:08:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHh8j

Bruce’s Big Call Dinar Intel Tuesday Night 8-6-24 REPLAY LINK Intel Begins 1:05:40

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHhoP

Bruce’s Big Call Dinar Intel Thursday Night 8-1-24 REPLAY LINK Intel Begins 51:00

https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHuVL

Good Afternoon Dinar Recaps,

Cardano has postponed its much-anticipated Chang hard fork to September 1, moving the date from August 27.

This hard fork is significant not just for its technical upgrades but also for how it involves the community in decision-making.Intersect highlighted that it's the first time such a wide range of community members and engineers have been involved in the process.

In summary, the delay of the Chang hard fork to September 1 allows Cardano to fully prepare for this critical upgrade.

At the same time, the potential partnership with Algorand could lead to groundbreaking advancements in decentralized AI, marking an important moment in the blockchain industry's evolution.

@ Newshounds News™

Source:

~~~~~~~~~

Recently, IOTA announced that it has completed the final phase of the European Blockchain Pre-Commercial Procurement.

~~~~~~~~~

@ Newshounds News™

Source:

~~~~~~~~~

Newshound's Currency FactsYoutubeandRumble
Newshound'sPodcastLink

Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

Follow theRoadmap

Follow theTimeline

Seeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

TNT:

Tishwash: Iraq and America to resume negotiations on the banking sector next Monday

A delegation from the Central Bank of Iraq is traveling to the United States of America to resume negotiations on the banking sector.

An informed source told Al-Eqtisad News that a delegation from the Central Bank of Iraq will begin negotiations with the American side on August 26 in America.

He added that the Central Bank has moved towards signing a contract with the international company Oliver Wyman to present a plan on reforming the private banking sector, within the next six months.

He pointed out that the proposed plan includes merging some banks or cancelling the licenses of some banks. link

************

Tishwash: A parliamentary invitation to host the responsible authorities to find out the reason for the rise in the price of the dollar

Today, Saturday, independent MP Jawad Al-Yassari called on the Presidency of Parliament to host the relevant authorities to find out the government's measures regarding the dollar crisis.

The leftist told the Maalouma Agency, “The rise in the exchange rate of the dollar against the Iraqi dinar is still ongoing in an unprecedented manner, stressing the need to determine the causes of this crisis and its clear negative impact on the economic and social conditions in the country.”

He added, "A number of independent representatives had previously called on the Presidency of the House of Representatives to host the relevant authorities to learn about the government's measures regarding the dollar crisis."

He pointed out that "the slow financial measures taken by the government would cause additional damage."

He stressed the need to "develop quick solutions and stop the rise in dollar prices in local markets."link

************

Tishwash: Al-Marsoumi expects a "tragic and exciting chapter" after "hidden hands" tamper with budget tables figures

Economic expert Nabil Al-Marsoumi revealed, today, Saturday (August 24, 2024), what he called hidden hands that tampered with and changed the numbers of the budget tables in its paper and electronic versions.

Al-Marsoumi said in a post on the Facebook platform, followed by Baghdad Today, that "the Presidency of the Republic has not approved the 2024 budget tables and they have not yet been published in the Iraqi Gazette, despite the parliament voting on them about two months ago," indicating that "the reason for this is the hidden hand that tampered with and changed the numbers of the tables in the paper and electronic versions and added 15 trillion dinars to them."

He added, "After the two letters sent by the Prime Minister's Office to the House of Representatives to investigate this issue, and after the complaint submitted by MP Basem Khashan to the Federal Court, it seems that there is an exciting tragic chapter that we will witness in the coming days."

Acting Speaker of Parliament Mohsen Al-Mandalawi confirmed on Wednesday (August 21, 2024) that the budget tables voted on by the Council are the same as those sent by the Council of Ministers.

According to documents issued by the director of Al-Mandlawi’s office, received by “Baghdad Today”, “the budget tables voted on by the House of Representatives are the same ones sent by the Council of Ministers and returned to it, according to Parliamentary Resolution No. 64, without any amendment, and the aforementioned tables are the same ones that were sent after approval to the government.”

It is worth noting that the member of the Parliamentary Finance Committee, Moeen Al-Kazemi, revealed on Wednesday (June 26, 2024), that an appeal was filed by a member of the Legal Committee in Parliament, against the approval of the 2024 budget schedules.

Al-Kadhimi told Baghdad Today that the appeal was submitted "on the grounds that the numbers included in the budget items will change, and thus this is considered a change to the law and requires the enactment of a new law with a first and second reading, and final approval."

He pointed out that "another objection is to changing the financing of oil producing companies from self-financing to central financing, and this matter is considered another piece of legislation that cannot be included in the budget tables."

Al-Kadhimi pointed out that "the Federal Supreme Court referred this lawsuit to the Presidency of the Council of Representatives and requested an answer within 15 days."

On June 3, 2024, the House of Representatives voted on the tables of the Federal General Budget Law No. 2024, amended (13) for the year and its attachments, Tables (A/B/C/D/E and F link

************

Mot: ..... More ""Marital Training!!! – siiggghhhhh

Weekend News With MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

GOOD MORNING ALL! HAPPY SATURDAY! THE CBD GURUS KICK OFF THE FIRST 45 MINS AND MARK GIVES HIS NEWS UPDATE AT 10:30 AM

Member: Good morning @MarkZ , and all the mods and the rest of the community.

Member: You think we’re going to ever cross this finish line before September ?

MZ: As far as RV related news – there is a lot of expectations in Iraq for this weekend. But no huge movement yet. We are waiting to get some news.

MZ: Iraqi contacts are pretty hopeful they can force a dinar value change to reduce the use of US dollars . A lot of hopeful talk …and most are looking for a change on Sunday. That’s only a day away so guess we will soon find out.

Member: Many feel that Saturday night is the best night to change rates….all the banks worldwide are closed for a short time on Saturday nights. Just sayin……

MZ: We are hearing that they are off “stuck” and have moved past the initial round of bond stuff and they are starting to prepare (in mass) the folks with German bonds. I am 100% certain that is what they are going to start processing next. Hopefully also releasing the money that goes with it. I started getting this news last night.

MZ: We are hearing money is moving fairly quickly…but we have heard that before.

Member: What are some of the milestones or markers you are still looking for before our notifications Mark?

MZ: For me- I think we need to see more farm claims and settlements paid. And past Farm claims into CMKX and fines and Penalties. This is some of the milestones we should be able to see in the coming days…I would think….

MZ: Iraq is not the only monkey in the game….They are just the easiest to track….. . But we also track bonds and F&Ps…..also easy to track. Iraq is not the only cog in the wheel. But they just need to release that new rate.

Member: If you sign an NDA will your podcasts stop?

MZ: If CMKX pays out and If a NDA kicks in….I may have to quit the podcasts for awhile….but, it would totally depend what it says…If its only an NDA on CMKX I would just not talk about it….ban all talk on it. My concern about discontinuing the podcasts for weeks…is the fear and uncertainty in our community. So I will do my level best to say on – even if it’s only to talk about the weather until we are allowed to talk about specific topics. .

Member: If you sign a currency exchange NDA…so will the rest of us I assume….so we will all just have to be quiet together.

Member: What is your gut saying?

MZ: Many people are thinking we have to wait until November of January for the RV. That is not what I am hearing from the banking side , the settlement side and the bond side. If Nesara holds any kind of truth…..why would we have to wait?

MZ: If whitehats are as powerful as they say they are….why would we have to wait until then….of course if they were that powerful why have they not already flipped the switch? I have a lot of conflicting beliefs on this one. But, I don’t believe we will be waiting that long.

Member: Is the US still holding up the RV and Iraq?

MZ: I don’t think so….I think the US is desperate for money….I think the ones fighting it are the Rothschild banks.

MZ: “ Powell Pivot is complete. Gold stocks, bitcoin and bonds surge as Fed chair says “Time has come for policy surge to adjust” At least 25 points to 50 basis points. …or ½ of a percentage is what they are talking about. It will be very important to get to a reset and sound money with these policies….I believe the next administration will reap the benefits of this.

MZ: MilitiaMan did a great breakdown on all the progress we have seen throughout the week…be sure to go watch, and share…..

MZ: I think things are setting up to be a heck of a chapter in this story.

Member: Goldilocks dropping several articles with dates in October for final rules and Regs for crypto and Foreign currency. Looks like we May have to wait until October???

Member: Lord, please release your biblical golden jubilee and bless this community to go out and be beautiful examples of your unconditional LOVE

Member: Have a very fantastic and blessed weekend all you fabulous looking people that I appreciate very much. See you all on Monday morning.

Member: God Bless everyone and I hope you all have a blessed weekend!

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Youtube: https://www.youtube.com/watch?v=L5CkNM75FKc

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Judy Note: As the Global Financial System continued to collapse, Deep State Cabal Elites were expected to destroy power grids Worldwide in an effort to prevent a complete financial meltdown of their bankrupt system only shakily held up with fiat monies.

Don’t worry. A Worldwide Blackout would only give reason for the Global Military Alliance to activate their Emergency Broadcast System (EBS); switch to Tesla Free Energy across the Globe and implement the gold/asset – backed Global Quantum Financial System that backed GESARA/ NESARA while destroying the Deep State Cabal Banker’s control over our money they have held since 1913.

With GESARA’s wealth distributed to everyone willing to work, there will be no more poverty, while homelessness will be unknown. People of 3rd World Nations will be incentivized by GESARA funds to return home to build up their own countries. Those sovereign governments will be 10% of their present size, with honest officials placed in office through fraud free elections.

The transition from Nuclear Energy to Quantum Energy will create new industries and businesses, plus the emergence of the Quantum Network will revolutionize the way we can safely and privately connect with each other.

Med Beds will assure no more drugs, addictions, illness or disease of any kind.

The large corporations manned by the Global Elite Cabal that have been poisoning our air, water and food will be dead broke, their CEOs incarcerated. With redemption of Zim Bonds by the General Public, the most comprehensive funding of Humanitarian programs in Earth’s history was underway and carefully designed toclean up the air, water and planet.

People will be incentivized to grow their own healthy food in off grid homes that produced their own energy and water, thus The People would no longer be forced to adhere to unreasonable regulations and the loss of freedom that goes with living in crowded communities.

The People’s Common Law Courts and Justice will assure Freedom for all on Planet Earth.

We are on the brink of a meticulously engineered catastrophe, orchestrated by the global elite to strip away our freedoms and plunge us into chaos. But what the elites fail to grasp is that this engineered Black Swan event will be their undoing.

As the old world crumbles, a new era will rise from the ruins. The stock market, cryptocurrencies, and the power grid—everything used to control us—is about to implode, signaling the dawn of a revolutionary transformation.

~~~~~~~~~~~

The Black Swan Event: The Final Gambit.

This Black Swan event isn’t a random catastrophe; it’s the final, desperate move of a corrupt system nearing collapse. The financial structure that has enslaved us for decades is set to be obliterated, bringing down the power of the global elite.

The financial bubble they’ve inflated is about to burst, leading to a stock market crash, cryptocurrency wipeout, and global economic chaos. They believe they can control this collapse and engineer a reset on their terms, but they are gravely mistaken. This collapse will be their downfall.

~~~~~~~~~~~~~~

The Blackout: The Elites’ Desperate Move

As the financial system collapses, the elites will make their final, desperate move: a deliberate blackout. This power grid shutdown will be a calculated act to plunge the world into darkness and fear, aiming to prevent a complete financial meltdown and keep us subdued.

But this blackout is also the trigger for a massive change. It will activate the Emergency Broadcast System (EBS), signaling the end of the old financial order and the birth of the Quantum Financial System (QFS), designed to liberate us from elite control.

~~~~~~~~~~~~~

The Emergency Broadcast System: Catalyst for Change

The recent EBS test was more than a drill—it was a rehearsal for the upcoming financial reset. When the blackout occurs and the EBS activates, it will mark the end of the old world and the rise of a new financial order, powered by QFS, GESARA (Global Economic Security and Reformation Act), and NESARA (National Economic Security and Reformation Act).

~~~~~~~~~~~~

The Quantum Financial System: A New Dawn

The QFS is not just a new financial system; it is a revolutionary, decentralized, and incorruptible system powered by quantum technology. It will ensure fair wealth distribution and dismantle the power of the global elites, ending their long reign of financial tyranny.

This system will be immune to the corruption and manipulation of the old order, rendering it obsolete. The impending blackout will act as a catalyst for this transformation, making way for the QFS to usher in an era of freedom and prosperity.

~~~~~~~~~~~~

The Fall of the Elites: A New Era Begins

The Black Swan Event will mark the end of the global elite’s dominance. The stock market crash, blackout and EBS activation are all part of a grand plan to liberate us from their control. The old world is collapsing, and the elites’ attempt to maintain their power will fail.

When the lights come back on, a new world will emerge. The QFS will replace the old systems, GESARA and NESARA will reshape our financial landscape, and the power of the global elites will be shattered. The age of financial tyranny is ending, and a new era of freedom and prosperity is about to begin.

Prepare now, for once the lights go out, there will be no turning back. The old world is dead; the new era has begun.

~~~~~~~~~~~~~

Judy Note: With Intel on the GCR almost none existent, it is my opinion that, as Head of the Redemption Committee Dr. Charlie Ward has repeatedly stated, Tier4b would not be sent notification to set exchange/ redemption appointments until after a Global Financial Crash.

Read full post here: https://dinarchronicles.com/2024/08/24/restored-republic-via-a-gcr-update-as-of-august-24-2024/

**************

Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 We found out the 3 zero notes are going to coexist with the lower notes for 10 years. Do you understand the power behind that? That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER).

Militia Man

************

Gerald Celente: I’m Buying More Gold, Your Money Will be Seized As Economy Collapses

Daniela Cambone: 8-23-2024

Does Gerald Celente think the Gold is in Fort Knox and where does he see it headed? “Gold could soar to $3,000 an ounce this year,” predicts the legendary trend forecaster and publisher of the Trends Journal.

In a no-nonsense interview with Daniela Cambone, he breaks down why it’s not complicated: When interest rates drop, the dollar tanks—and that sends gold prices soaring.

"It’s not rocket science," he says. Celente goes even further, exposing why today’s economy is a fragile house of cards waiting to collapse.

He also dives into the looming presidential elections, the harsh reality behind inflation, and why the average American is struggling more than ever.

Don’t miss his bold predictions and insights in this explosive conversation.

https://www.youtube.com/watch?v=AMO89HrVuxo

IQD Update - Iraq Dinar News - #iraqidinar #iraqidinarexchangerate USA / Prime Minister of Iraq

MilitiaMan: 8-23-2024

https://www.youtube.com/watch?v=UvbU-3xMXCo

Good Morning Dinar Recaps,

The central bank predicts that“all financial institutions active in retail payment transactions will be reachable” by the end of 2026 “at the latest”.

@ Newshounds News™

Read more:FinTech Futures

~~~~~~~~~

~~~~~~~~~

Read more:Coin Telegraph

~~~~~~~~~

Tourists can download the app and register via email.Currently they have to top up at banks and hotels, with the ability to enter card details via the app coming soon.

~~~~~~~~~

@ Newshounds News™

Read more:

~~~~~~~~~

Newshound'sDaily Breakdown PodcastLink

Newshound'sNews Telegram RoomLink

Q & A ClassroomLink

Follow theRoadmap

Follow theTimeline

Seeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Economist Points To A “Solution” That Will “Lower” The Dollar Exchange Rate

Baghdad Today – Baghdad Today, Thursday (August 22, 2024), Mustafa Akram Hantoush, an expert in economic and financial affairs, commented on the reasons for the fluctuations in the dollar exchange rate in the Iraqi markets.

Hantoush told Baghdad Today, "The parallel market needs to be dismantled in order for the exchange rate to decrease.

Previously, there were solutions to the issue of cigarettes and gold, and the tax was reduced and the merchant was allowed to buy through the platform again, and the exchange rate stabilized at 145 thousand dinars."

He added, "We have small traders who do not have a facilitating mechanism, and we have trades such as gold and cleaning materials that have not been processed, and we have huge trade with Iran and Syria worth millions of dollars, and these can be processed by giving them currency or gold," stressing that "most countries have solved the problem of trade with Iran, despite the American sanctions imposed on them, and solved the problem of travel to those countries."

The dollar exchange rate in the parallel markets rose again, as the markets recorded prices close to 150,000 dinars for every 100 dollars, even though the Central Bank of Iraq sells it at 1,320 dinars for every one dollar.

With the government's efforts to control prices in parallel markets, commercial markets witnessed a decline in the exchange rate in recent weeks, but it rose again, which indicates an economic problem that is still present in the country.

In response, parliamentarians raised a movement to question the governor of the Central Bank within the legislative dome, as the Finance Committee in the House of Representatives, on Sunday (August 4, 2024), directed a request to the Presidency of Parliament to question the governor of the Central Bank .

A document signed by the members of the Finance Committee, received by Baghdad Today, stated: “We, the members of the Finance Committee listed below, are the signatories for the purpose of hosting the Governor of the Central Bank due to a major defect in the management of the bank .”

The document added: "Therefore, we demand that the Governor of the Central Bank be questioned in the nearest session, in accordance with the applicable articles of the constitution and internal regulations." LINK

Economist Puts “Extortion, Bribery And Smuggling” As The Main Causes Of Dollar Exchange Rate Fluctuations

Posted On 2024-08-21 By Sotaliraq Economic researcher Diaa Al-Mohsen placed the blackmail, bribery and smuggling operations carried out by dollar dealers who are unable to disclose the sources of their money as the primary reasons for the fluctuation of the dollar exchange rate in local markets.

Al-Mohsen explained that “the old authority is still struggling to address the issue of the dollar exchange rate. All the measures it has taken since taking over the management of the Central Bank barely touch on the real problem that led to these increases, which in one way or another had a major impact on the economic situation of the Iraqi family.”

He noted that “the Iraqi market depends entirely on securing its needs through imports that eat up all the revenues generated from Iraqi oil sales.”

In an interview with Al-Mada, Al-Mohsen pointed out that “there are many reasons for the fluctuation of exchange rates other than the above, as many dealers do not enter the dollar for reasons related to the nature of the money they obtain (the national currency).

Some obtain the Iraqi dinar through bribery, others obtain it through blackmail, some of them deal in drugs and human organs, and many others cannot disclose the sources of their money or the final beneficiary of the process of sending it abroad, which exposes them to many legal problems and may expose them to penalties according to Iraqi law.”

He pointed out that “these people are forced to go to the black market to request dollars, and thus the exchange rate of the dollar against the Iraqi dinar rises to increase the demand for the dollar.

We should not forget that there are those who smuggle dollars by tampering with the documents for importing goods, and this tampering occurs at border crossings, and in the end the country is the biggest loser and behind it the ordinary citizen.”

Regarding the dominance of the dollar, the economic researcher continued, “There does not seem to be a glimmer of hope on the horizon to get rid of the dominance of the US dollar as long as the bank’s management insists on keeping the Iraqi economy revolving in the orbit of the US dollar.

If there was a real administration working for the benefit of the national economy, it would have done everything in its power to diversify the sources of currencies it deals with, which is what the current administration does not want.”

He continued, "I believe that the government should seriously consider activating the economic sectors, especially with the Central Bank of Iraq talking about reserves exceeding $115 billion. It is possible to simplify the procedures for granting loans to project owners who have feasibility studies for the projects they want to implement that are in the interest of the Iraqi economy, and grant them soft loans in exchange for the project being the collateral, to reduce the gap between market requirements and imports, and to bridge this gap by increasing local production to cover the needs of the local market and by relying on modern technology in relation to industries, and by relying on modern agricultural techniques in relation to agriculture."

He stressed, "Only here will we have put the Iraqi economy on the right path, and as for words other than what we said, they will be nothing more than plowing the sea."

The dollar exchange rate in the parallel markets in Iraq rose again, as the dollar price recorded an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges to reach 149,300 dinars for every 100 dollars, while it recorded a decrease last Saturday with the closing of the Al-Kifah and Al-Harithiya stock exchanges to reach 149,550 Iraqi dinars for every 100 dollars. LINK

Is Iraq Heading Towards Printing New Paper Currency?

Money and business Economy News – Baghdad Committee member Moeen Al-Kazemi said in a statement followed by "Al-Eqtisad News": "There is no intention to print new paper currency at the Central Bank," noting that "the Ministry of Finance began funding ministries and governorates with salaries two days ago."

He added that "the cash mass required monthly to pay employees' salaries is estimated at four million employees and four million beneficiaries of the Retirement Authority and two million social care, which is approximately 7 trillion and 500 billion dinars."

He continued that "this quantity is prepared monthly and there is no shortage in this aspect, considering that the current export is approximately 3 million and 400 thousand barrels of oil at a price of more than $ 75 per barrel."

He explained that "providing the necessary liquidity is done by the Central Bank and delivered to the Ministry of Finance, which in turn delivers these numbers and the cash mass to the ministries and governorates, and there is no acute problem regarding cash liquidity." 360 views Added 08/22/2024 - https://economy-news.net/content.php?id=46608

Parliamentary Finance: Iraq Needs More Than 7 Trillion Monthly To Finance Salaries

Economy 22:03 - 2024-08-22 Member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, announced today, Thursday, that the Ministry of Finance needs more than 7 trillion dinars per month to finance salaries in Iraq.

Al-Kadhimi explained in a press interview that "the Central Bank of Iraq continues to provide cash liquidity to the Ministry of Finance, which in turn provides it to citizens directly through the disbursem*nt of salaries, loans, and financing of projects."

He continued, "the Ministry of Finance needs more than 7 trillion dinars per month in cash to finance the salaries of employees, retirees, and beneficiaries of the social protection network."

Al-Kadhimi stressed that "employees' salaries are fully secured and there is no delay," noting that "the Central Bank provides cash liquidity to the Ministry of Finance periodically to disburse employees' salaries on time." https://kirkuktv.net/AR/Details/22025

Oil Revenues Under The Microscope Of The Extractive Industries Transparency Authority

Economic 08/22/2024 Employing oil revenues to achieve effective economic development was the focus of discussion among economic experts participating in the workshop to discuss the performance evaluation reports of the Extractive Industries Transparency Authority.

The attendees focused on the extent to which oil revenues contribute to achieving sustainable development that provides a decent life for society and contributes effectively to eliminating poverty.

The motives for issuing these reports also come from the fact that Iraq is the third richest country in the world in terms of abundant natural resources.

Oil expert Dr. Ali Nima said: Iraq joined the Extractive Industries Transparency Initiative in 2011 and issued 13 reports, and the 14th report is under completion.

He pointed out that the initiative has evolved from what it was and has now focused on where the revenues are invested? How much?

Where were the quantities of oil sold and the prices, in addition to the contracts and how are they organized?

He pointed out that the report issued is extremely important as it contains accurate information about all aspects of this sector, oil sales operations from SOMO and the Oil Products Distribution Company. The report also includes production quantities according to each company and the average export price in Europe, America and Asia, and how prices are compared.

Nima pointed out that the issue of social benefits of oil companies towards local communities has witnessed development in this regard, and the (benefits) are now directed to sectors that truly serve those areas, raise the level of services provided to the local community, and make it feel the presence of real support.

Adnan Bahiya, a specialist in transparency affairs in extractive industries, said: The main objective in preparing transparency reports in extractive industries is to show the extent to which oil wealth contributes to achieving real, sustainable development.

He pointed out that the motives for issuing these reports come from the fact that Iraq is the third richest country in the world in terms of abundant natural resources that have not reflected their positive impact on society and the economy in general.

Rather, we find poverty rates in the country varying from one governorate to another, and this was not supposed to happen in a country like Iraq, as we find poverty rates in Basra Governorate reaching 15%, in Kurdistan 6%, and in other governorates exceeding 30% despite the existence of a large amount of wealth in Iraq.

Bahiya stressed the necessity of employing financial revenues in real development that contributes to raising the percentage of the national product and not going to easy revenues that come through taxes and raising their percentages or their experience from this form of revenue, indicating that Iraq is a country capable of rising strongly and creating real sustainable development and that this matter requires a real and effective will.

Bahiya stated that the mission of the Transparency Commission is to clarify the paths of financial revenues, as Iraq cannot be a country rich in resources and suffer from an economic decline in many aspects of the economy.

Bahiya sees the necessity of working towards a real direction towards sustainable development through a serious and gradual approach to the sectors that have the elements to start the renaissance, as there are natural and human resources in Iraq that can be employed in a way that creates the highest levels of benefit. https://alsabaah.iq/101529-.html

TNT:

Tishwash: Al-Sudani extends an official invitation to the Iranian President to visit Iraq

Iraqi Prime Minister Muhammad Shiaa Al-Sudani sent an official invitation to Iranian President Masoud Pezeshkian to visit Iraq.

In a phone call with his Iranian counterpart, Iraqi Foreign Minister Fuad Hussein conveyed the Sudanese invitation to Pezeshkian to visit the capital, Baghdad, according to what the Iranian Foreign Ministry announced in a report issued by it.

In a phone call yesterday, Thursday, Hussein congratulated Abbas Araghchi on his election as the new Minister of Foreign Affairs in Iran.

The Iraqi Foreign Minister expressed his hope that the countries Iraq and Iran would continue to cooperate and interact closely on various issues related to bilateral relations and important regional and international issues.

In turn, Iranian Foreign Minister Abbas Araqchi stressed the “special” effort made by the new Iranian government and its president, Pezeshkian, to comprehensively expand and deepen relations between the two neighboring and Muslim countries, and thanked the Iraqi Prime Minister’s invitation for President Pezeshkian to visit Baghdad and welcomed it. link

*************

Al-Alaq in New York at the end of August.. Will he succeed in lifting the ban on the sanctioned Iraqi banks?

Washington has sanctioned 32 banks over suspicions of money laundering and smuggling to Iran

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, intends to visit the US capital, Washington, at the end of this month to discuss lifting the ban on Iraqi banks sanctioned by the US Treasury Department, as well as enhancing bilateral cooperation between the monetary institution in Iraq and the US Federal Reserve.

Al-Alaq's visit to Washington comes at a time when the gap between the official and black market rates for exchanging the dollar against the dinar continues, despite the measures taken by the Central Bank of Iraq over the past months, which it says "contributed to limiting its rise to double," but it is not known whether the visit will witness success in lifting the ban or stabilizing the exchange rate.

"double penalties"

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, had previously confirmed that the fluctuation of the dollar exchange rate creates a state of economic and financial instability, especially with the widening gap between the official selling price of the dollar and the parallel market price.

Al-Atwani said in a statement on the sidelines of his chairing of the committee meeting that hosted the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, to ​​discuss the monetary policy file in the country, that "the widening gap between the official selling price of the dollar and the parallel market price creates a state of economic and financial instability."

He stressed that "the stability of the exchange rate is a central issue for the state, as there is a duality in the issue of imposing US sanctions between Iraqi banks and correspondent banks, which requires the management of the Central Bank of Iraq to move effectively and address this crisis, in addition to tightening control over the work of private banks, in a way that ensures the integrity of all their procedures and work."

Visit to protect the Iraqi banking system

In contrast, the financial advisor to the Iraqi Prime Minister, Mazhar Mohammed Salih, said, “Historically, Iraq has kept its oil receipts account at the Federal Reserve Bank in New York, based on a previous UN Security Council Resolution No. 1483 in May 2003, in addition to the foreign currency reserve account in dollars.”

The US Federal Reserve is the main source of the dollar, meeting Iraq's foreign trade financing needs and facilitating payments for international exchange between our country and the world, according to Saleh.

He continued in his statement to Al-Jabal: "Thus, the upcoming visit of the Governor of the Central Bank of Iraq, Ali Al-Alaq, to ​​New York City, USA, comes to protect the Iraqi banking system and support its stability after 32 banks were banned from dealing in the dollar currency by the monetary authority in the United States for unknown reasons."

He added: "The Central Bank of Iraq, by virtue of its work and responsibility in maintaining the stability of the financial system of Iraq, must negotiate with the American side regarding the issue of banks that are sanctioned or deprived of the dollar to alleviate the severity of the deprivation in a way that enhances the effectiveness of the banking system in supporting development and economic activity," noting that relations between Iraq and the United States are outlined by "the strategic framework agreement signed between the two countries in 2008 and are directed towards many axes that aim to sustain relations between the two parties and strengthen them for the benefit of our country, and that the economic axis and financial and banking cooperation is one of those axes that aim to deepen bilateral relations between the two parties."

Banking sanctions 'no longer justified'

In turn, financial researcher Bassam Raad explained that the upcoming visit of the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, to ​​Washington has “positive effects and aims to achieve Iraq’s financial interests and obtain technical support in the banking field to ensure the success of the monetary policy plan by relying on authorized banks as correspondent banks in foreign transfer operations,” noting that the visit aims “to maintain a bilateral dialogue on possible measures for the purpose of lifting sanctions by the US Treasury Department on banks banned from dealing in the US dollar.”

He stressed in his statement to Al-Jabal that the banks that are banned from dealing in foreign currency (dollars) are currently committed to international standards for combating money laundering and are working to take due care in financial transactions, noting that accordingly, “the sanctions are unjustified, especially after the Middle East and North Africa Financial Action Task Force (MENAFATF) confirmed in May of this year that Iraq is one of the countries committed to the recommendations in the field of combating money laundering and terrorist financing.” link

**************

Courtesy of Dinar Guru: https://www.dinarguru.com/

Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Mr Sammy [his Iraqi bank friend] said we're going to get massive purchasing power. But others outside of Iraq, they will make millions. FRANK: I know it forwards and backwards, in fact I dream about it! I know the process.

Militia Man

************

MASSIVE WEALTH TRANSFER IS ABOUT TO HAPPEN! THE FED. IS OPENING UP THE FLOODGATES.

Greg Mannarino: 8-23-2024

https://www.youtube.com/watch?v=pOMvZWSGQgo

Federal Reserve Chair Jerome Powell on Rate Cuts: ‘The Time Has Come & Direction Is Clear’

Kitco News: 8-23-2024

Federal Reserve Chair Jerome Powell gave his annual speech at the Jackson Hole Symposium 2024. “The time has come for policy to adjust,” said Powell, emphasizing that the timing and pace of rate cuts “will depend on incoming data, the evolving outlook, and the balance of risks.”

He also noted that the Fed does not seek further cooling in the labor market conditions, given his confidence that inflation is on a sustainable path back to 2%.

Powell admitted that the past four years tested the limits of their knowledge, adding that they are open to criticism and new ideas. This clip offers highlights from Powell’s speech.

https://www.youtube.com/watch?v=raChvmmj3YM